Aircraft
Frost & Sullivan: Bizav Sales To Rise 13.8% by 2020
According to the forecast, North America and Europe will remain the largest markets, even as Asia-Pacific, China, India and the Middle East rise.
A recovery in midsize jets, a category that includes the new Embraer Legacy 450, is expected to help push business aircraft sales to nearly $28 billion in billings in 2020, according to a market forecast from Frost & Sullivan. (Photo: David McIntosh/AIN)
A recovery in midsize jets, a category that includes the new Embraer Legacy 450, is expected to help push business aircraft sales to nearly $28 billion in billings in 2020, according to a market forecast from Frost & Sullivan. (Photo: David McIntosh/AIN)

A business aircraft forecast released today by analyst Frost & Sullivan predicts the market will be a $27.94 billion business in 2020, a 13.8-percent increase over the $24.55 billion in billings reported last year. “Charter, lease and fractional business models will be affected as companies look to reduce costs," said Frost & Sullivan aerospace and defense director Wayne Plucker. “As the economy stabilizes, the operating efficiency of innovative designs will push sales and pilot the global business aircraft market to new heights.”